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  • Pseudonym Feb 28, 5:32 p.m.

    Quote from Wolfpack_Gurl: "LOL at some of these comments... I didn't know that the president has a giant lever in his desk that controls all the gas prices! If only Obama could wave his magic wand and reduce the cost of a gallon..."

    He does have a giant lever in his desk!! He inherited it from George Bush, just like he inherited the economic problems, the war, and social issues. You take the good with the bad.

  • Pseudonym Feb 28, 5:26 p.m.

    Quote from rachel: "the gas in the tanks is already paid for at whatever price they paid for it- so how can the price go up several cents in a day or two-for gas that was already paid for at a lower price a day or two ago"

    I want to buy your house. But I'm not going to pay a penny more than you paid for it. Do we have a deal?

  • Wolfpack_Gurl Feb 21, 6:35 p.m.

    LOL at some of these comments... I didn't know that the president has a giant lever in his desk that controls all the gas prices! If only Obama could wave his magic wand and reduce the cost of a gallon...

  • MonkeyFace Feb 21, 12:10 p.m.

    with people having to drive further away just to go to work it kinda knocks that out oleguy

  • NCSU84 Feb 21, 11:23 a.m.

    Old time gas stations rule. Wish there was one near me so I could buy a soda in a tub filled with ice and water and get some "nabs."

  • djofraleigh Feb 21, 11:05 a.m.

    Gas in small towns is lacking competition to keep prices down. A car getting 20mpg would have to find gas 38 cents/gallon cheaper to make driving 20 miles to get it pay off with a 20 gallon fill up.

    Gas is always cheaper on the Garner side of town than in North Hills or Cary, but that doesn't mean it pays to drive across town to get it.

  • readme Feb 21, 10:25 a.m.

    While it might be true that chains can buy in volume and get discounts, there are other market forces at play that should be reported on. I live by I-95, and in many cases the chains by the interstate charge 30 to 50 cents more than smaller stations a few miles off the beaten path. I like this article, I'm just saying to get the complete picture, you can do a little more digging.

  • Rebelyell55 Feb 21, 9:32 a.m.

    The way to reduce gas prices is to stop buying it,,Less consumption will reduce the price,, You would think with all the unemployed and homeless we would be using less gas,, NOT The people not working are riding the roads,,,all day and night,,,

    oleguy
    February 20, 2013 7:22 p.m_____________________________________
    I agree it's the responsible thing to do, but lowering consumption does not lower gas prices. I believed this at one time, but the true is, they'll rise prices if consumption drops too low to maintain their profit margin to make it and transport it. They use to report all kinds of excuses for why prices shoot up quickly. Now they don't even bother to explain. Yes, I'm thinking there will be a drop (a small one) in another month, but will be at 4 dollars a gallon by July.

  • Nancy Feb 21, 8:38 a.m.

    And crude fell again, it's hovering around $94/barrel and our gas prices are still hovering closer to $4 than not.

    Our economic condition and fiscal irresponsibility and debt takes a good portion of the blame for that. Even if you deducted the small profit the stations make, the state and federal taxes and EVEN the speculators 60 cents per gallon, gas is high because our dollar is worth less than ever in history.

  • Cock a doodle doo Feb 21, 8:28 a.m.

    If I recall 2 years ago Paul Stam said he was going to bring down unemployment in NC and bring down gas prices. Glad to see that's being done so that he can focus on the important legislation like letting a opossum drop from a box so a bunch if yahoos in the woods can celebrate the new year.

  • Hill55 Feb 21, 8:28 a.m.

    @pipcolt, how right you are! It is all part of the grand plan, unfortunately the masses are too stupid to see it.

  • Hill55 Feb 21, 8:27 a.m.

    Crickets from Obama on these gas prices. He was all over the issue in 2008.

    The poor and the middle class, that he claims to care so much about (I'll bet he was discussing this in great detail over the weekend when playing with the disgraced Tiger Woods) are hurt most by the higher gas prices.

    The true example of the Prolitariat from Marx' Manifesto.

  • working for deadbeats Feb 20, 7:44 p.m.

    I'm shocked there's a story about gas prices. It's all we heard about with
    Bush.

  • cjw6105 Feb 20, 7:42 p.m.

    Less consumption will NOT lower the price. I've heard this until I'm sick of hearing it. This nation is now exporting more oil than it imports, from what I read, yet the price of gas keeps going up.

    But Santa insists that the economy is doing just fine.

  • roger3746 Feb 20, 7:29 p.m.

    the gas in the tanks is already paid for at whatever price they paid for it- so how can the price go up several cents in a day or two-for gas that was already paid for at a lower price a day or two ago-should it not be the price they paid for it then plus their profit-not inflated?

    If I remember correctly, back in the early 70s stations could not increase prices for fuel already in the tanks. Then the gas shortage happened. Long lines & odd/even tag days. Fuel was going up so fast that stations could not make enough money from the fuel in the tanks to refil them at the higher prices. Resulting in stations closing their pumps and not refilling their tanks. So laws changed to allow them to charge the "current" rate for fuel in the tanks. That worked great for prices on the way up but really failed for prices on the way down.

  • Nancy Feb 20, 7:23 p.m.

    Speculation adds roughly 60 cents to a gallon of gas, however, what's causing a permanent and persistent cost for gas is the devaluation of our dollar on the global market.

    Back in 2008 when gas peaked at $4 for a few weeks, a barrel of crude had risen to $150. But we're close to the high mark and a barrel of crude is currently selling for under $100.

  • oleguy Feb 20, 7:22 p.m.

    The way to reduce gas prices is to stop buying it,,Less consumption will reduce the price,, You would think with all the unemployed and homeless we would be using less gas,, NOT The people not working are riding the roads,,,all day and night,,,

  • COLT45 Feb 20, 7:04 p.m.

    Expect to see $4+ per gallon very soon.

  • TriangleMommy Feb 20, 6:58 p.m.

    Most gas stations only make profit off the market attached to the station. Folks going in and buying drinks and junk food, that is where their profit is, not the sale of Gas. If these rural stations offered more benefits to customers going in the store and spending $$ they could lower their prices and be more competitive.

  • RadioDJ Feb 20, 6:55 p.m.

    Geez Louise if it's "socialism" to try to do something about the proce of oil and gas, WHY OH WHY do all of your buddies complain that the President is responsible for the cost of anything when it goes up? If anything he does to bring the price down is "socialism", then how is he supposed to? You right wing folks simply cannot make sense of anything can you?

  • RadioDJ Feb 20, 6:53 p.m.

    When is the Guv gonna bring down gas prices? Thought the Republicans were the solution to ALL of our societal and economic problems? What's the holdup folks? JOBS and stuff was supposed to be Job 1. Thus far, killing jobs has been job 1. Sounds to me like the right wing crowd doesn't really have a clue, but then we've always known that.

  • Ex-Republican Feb 20, 6:30 p.m.

    "There are two entities that make the greatest profit margin on each gallon of gas sold: the Federal and State Government. " Rationality

    Oh man, ain't that the truth! They are kind of like the mafia taking their share.

  • Proud Black Constitutionalist Feb 20, 6:26 p.m.

    Why is it that when Bush was president and gas prices increased, it was Bush's fault, but now that obama is prez, he is not culpable.

  • Ex-Republican Feb 20, 6:25 p.m.

    "I swear if I ever hit a huge lottery I will come up with an alternate fuel and then see what they do with their crude." bdu4dals2

    Scientists and corporations have been working on alternate fuels for decades now. Billions have been and continue to be spent on it. Save your fantasies for something else.

  • Proud Black Constitutionalist Feb 20, 6:24 p.m.

    It was obama that said we weren't paying enough for gas. Well, I wonder how he feels now?

  • rationality Feb 20, 6:24 p.m.

    There are two entities that make the greatest profit margin on each gallon of gas sold: the Federal and State Government. Not the oil company. Not the gas station. And they don't do a thing to earn it.

  • Ex-Republican Feb 20, 6:22 p.m.

    "The current lie from Big Oil" bdu4dals2

    First, it was "Wall Street" and now we have "Big Oil". You people never cease to amaze me at your willingness to accept bumper sticker reasons for issues that are so much more complex. Time to educate yourselves.

  • bdu4dals2 Feb 20, 6:15 p.m.

    The current lie from Big Oil is reduced demand and I guess they want us to believe that it now costs more to make less gas. Actually they still need to make their 13 billion dollar per quarter "profit" and you guessed it, we get to foot the bill. I swear if I ever hit a huge lottery I will come up with an alternate fuel and then see what they do with their crude.

  • Geez Louise Feb 20, 6:09 p.m.

    "He should issue an executive order curbing the speculation. He should help out the little guy for once, instead of his fat cat friends at Goldman Sachs."

    --Yes, that's what a socialist does.

  • Geez Louise Feb 20, 6:07 p.m.

    @timexliving - Try to close your Obama-hate book for two seconds and educate yourself on what's really going on.

  • Ex-Republican Feb 20, 6:04 p.m.

    "that a large part of gas price increasing is based on financial speculators...." MMTLASH

    Then Obama should do what he does best (besides vacation). He should issue an executive order curbing the speculation. He should help out the little guy for once, instead of his fat cat friends at Goldman Sachs.

  • mmtlash Feb 20, 6:00 p.m.

    here is a link to the article in my previous post:

    http://www.newsobserver.com/2013/02/19/2692184/theyre-drilling-baby-drilling.html

  • Geez Louise Feb 20, 6:00 p.m.

    "Wrong, this is a global commodity. Some producers can and do control the supply. Opec has cut back production due to the increased output coming from here and Canada. The value of OUR dollar also impacts the oil prices. Our Government has many nasty impacts on pricing, the process is underway to switch off of winter fuel blends. We have extremely LIMITED refinery capacity. So long as Obama is President you can expect the government to do all it can to keep prices high. Ethanol is another hidden cost; a double whammy. It impacts directly food supply, it has been subsidized and it reduces the MPG of all vehicles thus causing you to use more gas. Just keep in Mind the Dems are looking out for the middle class. One bright spot today. the value of our dollar has risen and that served to drive down the price of crude. If that continues, we should see a small price dip."

    --Everything you stated here can be summed up in one word: speculation.

  • Ex-Republican Feb 20, 5:58 p.m.

    "increase his travel budget so he can still keep all scheduled apperances and vacations the same for his family" sunshine1040

    Excellent Point!!!

  • mmtlash Feb 20, 5:56 p.m.

    there was an article on the front page of the N&O today which explained that a large part of gas price increasing is based on financial speculators....which is why even as demand decreases and supply increases prices continue to rise, b/c they are playing the market....

  • tommys5 Feb 20, 5:56 p.m.

    Looks like Stefon is getting those "Forward" moving gas prices he voted for.

  • Ex-Republican Feb 20, 5:55 p.m.

    "Anybody got a better answer?" Geez Louise

    You were right the first time. It's all "Wall Street's" fault.

  • Ex-Republican Feb 20, 5:54 p.m.

    "how can the price go up several cents in a day or two-for gas that was already paid for at a lower price a day or two ago-should it not be the price they paid for it then plus "

    Very good question, rachel. I would like to know the answer to that as well. But some would say, it's the fault of "Wall Street".

  • whatelseisnew Feb 20, 5:53 p.m.

    "I don't get one thing-and I am sure someone can clear this up for me- the gas in the tanks is already paid for at whatever price they paid for it- so how can the price go up several cents in a day or two-for gas that was already paid for at a lower price a day or two ago-should it not be the price they paid for it then plus their profit-not inflated? Just a dumb question on my part-and I am sure there is an answer"

    They have to pay to refill their tanks so in essence they are Pre-collecting for the higher refill costs. Plus depending on how busy a station is, they may refill two or three times a week.

  • sunshine1040 Feb 20, 5:52 p.m.

    As for what is Obama going to do about the high price of fuel more then likely increase his travel budget so he can still keep all scheduled apperances and vacations the same for his family

  • Ex-Republican Feb 20, 5:51 p.m.

    "he could regulate the market on Wall Street, but wouldn't that make him a socialist?" Geez Louise

    You've been taught well by Obama to know that it's the fault of "Wall Street". But exactly, who (as in company name) is at fault? You've also learned well do throw around blame as does our President. I ask President Obama to do something about high gas prices because he is POTUS.

    Regarless of regulating Wall Street or not, Obama is still a socialist, that we can agree on.

  • whatelseisnew Feb 20, 5:51 p.m.

    "--I guess he could regulate the market on Wall Street, but wouldn't that make him a socialist?"

    He is a socialist. why are you in doubt about that. As to regulating wall street. AGAIN this is a global commodity. It trades on many exchanges. There are a bunch of things Obama could ACTUALLY do that would serve to help drive down the cost of fuel. He is absolutely not interested in doing those things. It is sad how little people understand about how things work and how Government intrusion ALWAYS makes things WORSE.

  • sunshine1040 Feb 20, 5:50 p.m.

    I guess some folks would like the owner of the station to sell at the higher price until all that has sold out before reducing the price again right Rachel and I am sure you want the grocery store to run out of the low price item before reordering again and do the same when the price drops again

  • Geez Louise Feb 20, 5:49 p.m.

    "....so how can the price go up several cents in a day or two-for gas that was already paid for at a lower price a day or two ago-..."

    --Here's my layman's guess: I think pricing is based on perceived value, not the original cost. So the value of what's already in the ground went up (hence they move the price up) even though the cost didn't change. It's like your house if you try to sell it. It doesn't matter what you paid for it. What matters is how the market values it. Anybody got a better answer?

  • whatelseisnew Feb 20, 5:46 p.m.

    "There is no change in supply and demand. This is all based on speculation brought to you by your friends on Wall Street."

    Wrong, this is a global commodity. Some producers can and do control the supply. Opec has cut back production due to the increased output coming from here and Canada. The value of OUR dollar also impacts the oil prices. Our Government has many nasty impacts on pricing, the process is underway to switch off of winter fuel blends. We have extremely LIMITED refinery capacity. So long as Obama is President you can expect the government to do all it can to keep prices high. Ethanol is another hidden cost; a double whammy. It impacts directly food supply, it has been subsidized and it reduces the MPG of all vehicles thus causing you to use more gas. Just keep in Mind the Dems are looking out for the middle class. One bright spot today. the value of our dollar has risen and that served to drive down the price of crude. If that continues, we should see a small price dip.

  • Geez Louise Feb 20, 5:40 p.m.

    "What's Obama gonna do about these high gas prices?"

    --I guess he could regulate the market on Wall Street, but wouldn't that make him a socialist?

  • rachel Feb 20, 5:39 p.m.

    I don't get one thing-and I am sure someone can clear this up for me- the gas in the tanks is already paid for at whatever price they paid for it- so how can the price go up several cents in a day or two-for gas that was already paid for at a lower price a day or two ago-should it not be the price they paid for it then plus their profit-not inflated? Just a dumb question on my part-and I am sure there is an answer

  • Geez Louise Feb 20, 5:32 p.m.

    There is no change in supply and demand. This is all based on speculation brought to you by your friends on Wall Street.

  • LuvLivingInCary Feb 20, 5:30 p.m.

    let them all keep voting obama...and it ain't over ladies...hold on to your seats next week.

  • whyalltheproblems Feb 20, 5:23 p.m.

    it is Awful!! prices have gone up 20 cents since Sunday. It seriously makes me want to vomit. driving 50 miles a day for work and carpool for my kids..it's pretty tough.
    totally agree with you Yankee1. seriously...where is the outrage?

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